Managers of Wealth

Ex-UBS Banker Weil Heads Back to Court as He Prepares Defense

He is the highest-ranking banker charged in a U.S. crackdown on offshore tax evasion

Profits Interests in Partnerships - Withers

It has been long settled in US tax law that the grant of a profits interest in a partnership is not a taxable event to the party receiving the interest.

50 Percent Of Executives Surveyed Say Companies Have Limited Or No Protocols For Cross Border Investigations - KPMG

This revelation comes at a time when data and employee privacy issues, often triggered by investigations, are dominating the headlines and major corporations are facing increased regulatory scrutiny around anti-bribery and corruption legislation

Spanish princess implicated in money-laundering, tax fraud

After a lengthy investigation, Palma de Mallorca Examining Magistrate Jose Castro said in a 200-page ruling there was evidence that Cristina, 48, had committed crimes and summoned her to appear in court on March 8.

Ex-UBS banker pleads not guilty in U.S. tax case

A former top executive with Swiss bank UBS has pleaded not guilty to U.S. fraud conspiracy charges stemming from a broad federal tax evasion investigation.

Argentina: Gov’t takes look at wealth tax

The national government will amend the way it calculates personal wealth tax and will use the market value of properties rather than their declared fiscal value, the head of the AFIP tax bureau Ricardo Echegaray revealed yesterday.

Regulatory predictions for 2014

Last year we offered our 13 regulatory reform predictions for 2013 and correctly predicted a year of intense rulemaking.

Govt May Seek Reopening of Swiss Cases

The government is contemplating reviving through the Swiss court of appeal graft cases against former president Asif Ali Zardari for the return of $60 million reportedly stashed away in Swiss banks.

Bank Secrecy Crumbling Under US Govt Offensive

One of the oldest traditions in banking is crumbling in the face of American determination to tackle tax evasion.

We should pay no tax, billionaire boss of Hargreaves Lansdown tells Government

The 67-year-old Conservative supporter said: ‘I never understood why companies should pay tax. They don’t have a vote. If they didn’t have to pay tax, they would come here in droves and employ millions of people who would pay loads of ta

Tax revenues worldwide recover from recession

Tax revenue worldwide is still bouncing back from the low levels of 2008-09, the height of the recession, a non-profit group in France says

France approves 75pc company tax on €1m salaries

President Hollande's controversial measure receives the green-light from France's highest court

Firms 'use offshore trusts to pay huge bonuses'

Revenue launches crackdown on tax-free 'bullet loans' to staff

SFO plans fightback in 2014

The reality is that every case the SFO does is make or break. 2014 will be about putting the past behind us

US fines Barclays $3.75m over e-record failures

Regualtor fines British bank Barclays for failure to preserve order trade data, emails and instant messages

Swiss private bank Lombard Odier signs up to U.S. tax deal

The Geneva-based bank with 203 billion Swiss francs $227 billion (£137.65 billion) in client assets is the biggest privately-held firm so far to say publicly it will take part in a government-brokered scheme to make amends for aiding tax evasion.

Private Client International Comparative Legal Guide 2014: BVI

Arabella di Iorio and Richard Grasby provide an overview of private client law and policy in the British Virgin Islands.

Rothschild Bank signs up to US-Swiss tax accord

Rothschild Bank will participate in the U.S. program in part to settle the tax dispute

Swiss banks employ an army of advisors to weigh US amnesty plan

Banks in Switzerland, the largest cross-border financial center with $2.2 trillion of assets, are closely examining accounts before joining a disclosure programme that's the broadest assault in a five-year US crackdown on offshore tax evasion.

Booz & Company Approves Combination with PwC

Booz & Company's global partners have voted overwhelmingly to approve a combination with PwC.

Legal,Regulation,Tax & Compliance